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Fed’s Williams: Monetary policy not best tool to address financial stability risks

Mohamed Abdelhamid 16 November, 2022 7:03 pm Forex Market, Market Update

On Wednesday, the US Dollar Index continues to erase its daily losses following the comments by important Fed and was last seen losing 0.17% on the day at 106.38.

New York Federal Reserve President John Williams said that the monetary policy is not the best tool to address financial stability risks, as reported by Reuters.

Key Quotes

“Central banks around the world taking strong action to restore price stability.”

“It is important to bolster the resilience of the treasury market.”

“Price stability is essential for the US economy to function well.”

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